Mahalaxmi Life Insurance observed its 4th anniversary on Magh 27, 2079 where the company is the youngest in the insurance sector has gone through a lot of ups and downs.
The company has increased its paid-up capital by 50%, reserve by 60.7%, life insurance fund by 56.4%, investment portfolio by 29.5%, claim settlement by 38%, and profit by 35.4% by Poush end, 2079 when compared to the same period last year, as per the media statement.
Highlights:
- National Life Insurance’s net profit increases by an astounding 57.70%.
- The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.
- Rastriya Beema Company’s Profit Increased by 92.57% in Q2
- Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares
- NLG Insurance reports a decrease in business volume and profitability in the second quarter.